TERAWULF (NASDAQ: WULF) CAO converts 10,000 RSUs, holds 48,898 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TERAWULF INC. Chief Accounting Officer William Joseph Tanimoto exercised restricted stock units into 10,000 shares of common stock. These RSUs vested on the first anniversary of June 24, 2025, in line with their terms and subject to his continued service.
After this transaction, he directly holds 48,898 shares of common stock and 20,000 restricted stock units. The remaining RSUs are scheduled to vest on the second and third anniversaries of June 24, 2025, contingent on ongoing employment. The filing shows a compensation-related equity vesting event, with no open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Mixed
2 txns
Insider
Tanimoto William Joseph
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,000 | $0.00 | -- |
| Exercise | Common stock, $0.001 par value per share | 10,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 20,000 shares (Direct, null);
Common stock, $0.001 par value per share — 48,898 shares (Direct, null)
Footnotes (1)
- The Reporting Person received Restricted Stock Units which vested in accordance with their terms upon the first anniversary of June 24, 2025, as reported in this Form 4, subject to the Reporting Person's continued employment or service with the Issuer through such date. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share. The Restricted Stock Units vested in accordance with their terms upon the first anniversary of June 24, 2025, subject to the Reporting Person's continued employment or service with the Issuer through such date. The remaining Restricted Stock Units will vest in accordance with their terms on each of the second and third anniversaries of June 24, 2025, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
Key Figures
Shares acquired via RSU conversion: 10,000 shares
Common shares held after transaction: 48,898 shares
Restricted stock units remaining: 20,000 RSUs
+2 more
5 metrics
Shares acquired via RSU conversion
10,000 shares
Common stock received from vested restricted stock units
Common shares held after transaction
48,898 shares
Direct ownership by Chief Accounting Officer after exercise
Restricted stock units remaining
20,000 RSUs
RSU balance following vesting and conversion of 10,000 units
Transaction date
June 24, 2026
Date of RSU exercise and share acquisition
Par value of common stock
$0.001 per share
Par value of TERAWULF common stock underlying the RSUs
Key Terms
Restricted Stock Units, contingent right, derivative exercise/conversion, vested in accordance with their terms, +1 more
5 terms
Restricted Stock Units financial
"The Reporting Person received Restricted Stock Units which vested in accordance with their terms"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
vested in accordance with their terms financial
"The Restricted Stock Units vested in accordance with their terms upon the first anniversary"
anniversaries of June 24, 2025 financial
"The remaining Restricted Stock Units will vest in accordance with their terms on each of the second and third anniversaries of June 24, 2025"
FAQ
What did TERAWULF (WULF) officer William Tanimoto report in this Form 4?
William Joseph Tanimoto reported exercising restricted stock units into 10,000 shares of TERAWULF common stock. The RSUs vested on the first anniversary of June 24, 2025, as part of his equity compensation package tied to continued employment.
How many restricted stock units does TERAWULF (WULF) officer Tanimoto still have?
Following the vesting and conversion of 10,000 restricted stock units, William Joseph Tanimoto retains 20,000 restricted stock units. These remaining units continue to represent contingent rights to receive TERAWULF common stock under their existing vesting schedule.
What is the vesting schedule for William Tanimoto’s TERAWULF (WULF) RSUs?
One tranche of RSUs vested on the first anniversary of June 24, 2025. The remaining restricted stock units are scheduled to vest on the second and third anniversaries of that date, provided Tanimoto remains employed or in service with TERAWULF.
Was there any open-market buying or selling in this TERAWULF (WULF) Form 4?
The Form 4 shows no open-market purchases or sales. It reflects a derivative exercise where restricted stock units converted into 10,000 common shares as they vested, a typical compensation-related equity transaction rather than a discretionary market trade.
What does each TERAWULF (WULF) restricted stock unit represent in this filing?
Each restricted stock unit represents a contingent right to receive one share of TERAWULF common stock with $0.001 par value. These units convert into shares upon vesting, subject to the officer’s continued employment or service with the company.